1. Nature of Agreement & Services Scope
These Terms of Service govern the use of the digital portal lanternpickor.yachts and define the overarching legal terms under which Lanternpickor Asset Management Ltd. provides property management, residential leasing, facility coordination, and fiduciary advisory services to property owners ("Clients") and prospective tenants.
Individual property management engagements are formalized through specific bilateral Property Management Agreements (PMAs), which incorporate these Terms of Service by reference.
2. Client Authority & Title Representations
By engaging Lanternpickor or submitting a property consultation request, the Client represents and warrants that:
- They are the sole legal beneficial owner of the referenced property or possess full authorized power of attorney on behalf of the registered titleholder, trustee, or corporate holding entity.
- The property complies with all relevant local planning permissions, health and safety regulations, building insurance mandates, and mortgage covenant permissions for residential letting.
- All information provided concerning historical maintenance issues, tenant disputes, or structural defects is complete, truthful, and accurate.
3. Emergency Mandate & Pre-Authorized Expenditure
Under our standard management covenants, Lanternpickor is authorized to act immediately on the Client's behalf in the event of an emergency (defined as any occurrence presenting imminent danger to human health, property structural integrity, or significant financial loss).
A standing pre-authorization threshold (established in the PMA, typically €1,000–€5,000 per incident) allows Lanternpickor to dispatch certified emergency trades without prior consent where contact with the Client is impossible within reasonable response windows.
4. Intellectual Property Rights
All proprietary materials appearing on lanternpickor.yachts—including architectural photographs, custom floor plans, technical blueprints, property condition methodologies, copywriting, and vector graphics—are the exclusive intellectual property of Lanternpickor Asset Management Ltd. Reproduction, syndication, or redistribution without express written authorization is strictly prohibited.
5. Limitation of Liability
To the fullest extent permitted by English law and local European civil codes:
- Lanternpickor shall not be held liable for indirect, consequential, or economic loss arising from third-party vendor delays, tenant default, force majeure events (severe climate events, war, municipal lockdowns), or pre-existing unrevealed latent structural defects.
- Lanternpickor maintains comprehensive professional indemnity insurance with aggregate limits of €10,000,000. Our total cumulative liability in contract, tort, or statutory duty shall not exceed the total management fees received by Lanternpickor under the relevant property mandate in the preceding twelve (12) months.
6. Termination of Mandates
Either party may terminate a Property Management Agreement by providing sixty (60) days written notice following the initial minimum contract term. In the event of material breach or insolvency, termination may be effected immediately with notice. Upon termination, all ring-fenced client funds, physical keys, telemetry credentials, and maintenance records will be transferred within fourteen (14) business days.
7. Governing Law & Dispute Resolution
These Terms of Service and any non-contractual obligations arising out of them shall be governed by and construed in accordance with the Laws of England and Wales. Any dispute, controversy, or claim shall be submitted to the exclusive jurisdiction of the Courts of London, United Kingdom, unless bilateral agreement dictates mediation via the London Court of International Arbitration (LCIA).